Tag: Fintech News

East Asia Accounts for 31% of Cryptocurrency Transactions in Past 12 Months, Says Chainalysis

East Asia Accounts for 31% of Cryptocurrency Transactions in Past 12 Months, Says Chainalysis

According to blockchain and crypto research firm Chainalysis, East Asia is the world’s largest cryptocurrency market with 31% of all cryptocurrency transactions in the past 12 months happening in this region, and the reason for the growth and sustainability of the market can be attributed to professional traders and the strengthening presence of stablecoins. With […]

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Major Singapore Bank Says Adoption of Digital Currency Inevitable, But Demise of Cash Unlikely

Major Singapore Bank Says Adoption of Digital Currency Inevitable, But Demise of Cash Unlikely

Singapore’s DBS Bank recently released a quarterly report on the state of cryptocurrency and central bank digital currency (CBDC) with a focus on how this nascent industry will possibly impact the global economy. The COVID-19 pandemic, in particular, has catapulted CBDCs into the spotlight, where the use of digital payments is no longer just simply […]

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High DeFi Rewards Won’t Last with New Tokens Continuously Flooding the Market, Says CZ

High DeFi Rewards Won’t Last with New Tokens Continuously Flooding the Market, Says CZ

Decentralized finance (DeFi) continues to hit higher-highs as the numbers for DeFi’s total market capitalization and the total locked value in DeFi projects grow without any signs of abating, week after week. The hype is understandably high with the unprecedented amount of rewards to be reaped from DeFi tokens, but with the relentless DeFi craze, […]

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Singapore Crypto Association Releases New Standards to Oversee Crypto Practices 

Singapore Crypto Association Releases New Standards to Oversee Crypto Practices 

The Association of Cryptocurrency Enterprises and Start-ups Singapore (ACCESS) has introduced a Code of Practice for crypto-related businesses in the country in collaboration with the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS), aimed at standardizing guidelines to “help digital asset players strengthen regulatory compliance”. This is supplementary material that […]

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DEX Aggregator 1inch Raises $2.8 Million in Funding Round Led by Binance Labs & More

DEX Aggregator 1inch Raises $2.8 Million in Funding Round Led by Binance Labs & More

The latest of rising stars in the DeFi sector, decentralized exchange (DEX) aggregator 1inch recently closed a funding round led by Binance Labs and other institutional players in the market, such as Galaxy Digital, Dragonfly Capital, FTX, Loi Luu, the Founder of Kyber Network, Illia Polosukhin, the Co-Founder of NEAR Protocol and others. 1inch has […]

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Facebook Unveils Facebook Financial, Libra’s Wallet Novi to Fall Under New Payments Division

Facebook Unveils Facebook Financial, Libra’s Wallet Novi to Fall Under New Payments Division

Libra co-creator David Marcus announced the establishment of a new payments-focused group under Facebook – Facebook Financial on August 10, which will oversee the entirety of any payments and financial services and products launched by the social media behemoth. This new group will cover some of Facebook’s most recent launches, namely Facebook Pay, WhatsApp Pay […]

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Crypto Payments Enabled for Goods & Services in Busan’s Most Popular Beach

Crypto Payments Enabled for Goods & Services in Busan’s Most Popular Beach

Cryptocurrency payments seem to be finding its place in the world, slowly but steadily, as one of South Korea’s most popular beach destinations in Busan, Haeundae Beach, experiments with accepting Bitcoin (BTC), Ethereum (ETH), MCI and WAY tokens to pay for goods and services, according to Korean online new media ZDNet.  A pilot program led […]

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